Mercedes-Benz saw its sales fall 16 percent in the three months between April and the end of June, and Ford recalled 100,000 trucks due to fire risks, And Tesla chief Elon Musk is trying to undo the Twitter acquisition. All that and more in morning shift On 11 July 2022.
first gear: Supply chain issues hit Mercedes sales
It may seem like things are starting to get back to normal, but the auto industry is far from dangerous when it comes to the lasting impact of Covid-19. Now, Mercedes-Benz has announced that Lockdowns due to the pandemic The shortage of some basic components led to a decline in its sales for the three months until the end of June 2022.
accordionng to BloombergThe German automaker saw its sales fall 16 percent between April and June. The company said its shipments fell 25 percent in China and 10 percent in Europe. Sales in North America fell three percent during this period. Bloomberg reports:
Ongoing supply chain problems could jeopardize Mercedes’ plan to scale back entry-level cars in order to focus on higher-quality, more profitable vehicles. Mercedes said the dearth of chips contributed to a 16% drop in sales of the luxury car segment.
“Electric vehicle sales were a bright spot in Mercedes’ report, with its EQ nearly doubling to 23,500 units compared to the same period last year. The first half of the year saw the brand’s electric vehicle sales rise to 45,400 units – an increase of 134%.”
In a statement shared by Mercedes-Benz, Britta Seeger, Member of the Board of Directors in charge of Marketing and Sales said: “The electric surge is gaining momentum: sales of our all-electric vehicles increased by more than 90% in the second quarter and up to 134%. In the first half of 2022. It shows that we We offer compelling electric cars that our customers desire.”
In total, Mercedes sold 490 thousand during the three-month period.
second gear: Ford EV sales are booming
And it’s not just Mercedes that has seen its sales of electric cars go through the roof. According to Auto NewsFord’s introduction of Mustang Mach-Es and F-150 Lightning EVs means it could soon challenge Hyundai for a silver medal in electric vehicle sales in the United States.
According to the second quarter of Blue Oval In sales, it sold nearly twice as many electric cars as it did at the beginning of the year. So far this year, it has sold 22,979 electric vehicles, up 77 percent from the same period in 2021. Auto News reports:
“This ranks third in the United States after Tesla and Hyundai Motor Group. Hyundai, Kia and Genesis brands combined sold 34,518 electric vehicles during the month of June, according to the company.
“Analysts say Ford could overcome this 11,539 vehicle shortfall if it continues to ramp up Lightning production and builds on recently increased capacity at its Mustang Mach-E plant in Mexico.”
The site suggests that Ford’s early success in electric cars It has come by sticking with familiar nameplates and segments that are popular here in the US Names such as the Mustang and the F-150 are easily recognizable to buyers who might be reluctant to switch to an extra lifestyle.
But while the American company was gaining support Introduced by F-150 LightningIts Korean competitor has also had success with its latest models – Hyundai Ioniq 5 and the Kia EV6. Automotive news suggests that the growing popularity of these two cars may make it difficult for Ford to jump Hyundai to second place, behind Tesla.
Third gear: Musk makes a meme
And speaking of Tesla, it’s time to talk about the CEO Elon Musk and his impulse buy for Twitter. The head of Tesla and SpaceX announced that he wanted to buy the social networking app earlier this year. But on Friday, He said he would try Undo the deal After claiming that Twitter failed to provide him with data on spam accounts on the site.
But both parties signed an obligation hold for musk Twitter buyout for $44 billion, and the social media platform is keen to stick to the terms of that deal. Likely to Twitter Take Musk to court to enforce the terms of the deal. latest mask Response? There are a few posts that are a bit disorienting on Twitter of course. Reuters reports:
Elon Musk on Monday mocked Twitter Inc (TWTR.N)’s threat to sue him after it moved to abandon the $44 billion takeover deal, tweeting that the social media company would need to disclose more information about bot and spam accounts.
“The series of tweets on Monday was the first public response by a Tesla Inc chief since he announced his intention to abandon the show on Friday because Twitter violated several terms of the merger agreement.”
As has been the topic during this entire debacle, the meme relates to Twitter and its disclosure of bot accounts on the site.
This is all just sadness Attention call.
Fourth gear: Ford recalls 100,000 trucks
Ford is recalling more than 100,000 Escape, Maverick and Lincoln Corsair hybrid vehicles due to a fire risk. Reuters Reports The recall affects some 2020 to 2022 models equipped with a 2.5-liter hybrid or plug-in engine.
The company says its latest withdrawal Relates to the risk of fire under the hood in the event of an engine failure. Reportedly, in the event of an engine failure, oil and fuel vapor could release and could collect near ignition sources, potentially causing a “potential fire under the hood”.
There have not yet been any accidents or injuries associated with this issue, which can be fixed by modifying the engine shield and grille shutter.
Reuters also Reports that Ford general expansion Previous recall of Ford Explorer and Lincoln Navigator models. According to the site:
Ford is separately expanding its recall of 2021 Ford Expedition and Lincoln Navigator SUVs to address the risks of under-hood fires by 27,000 other U.S. vehicles after five additional fires were reported after 39,000 vehicles were recalled in May after 16 fire reports. . One injury has been reported.
The company advises owners to park these vehicles outside until they are repaired. He says he has parts to repair models with an 800-watt cooling system, but he cautions that he will have the parts needed to fix the 700-watt models through September.
5h gear: The United States is approaching mass adoption of electric vehicles
With Mercedes, Ford and Hyundai all posting solid electric sales so far this year, you might be wondering when we reach the tipping point for electric vehicle adoption. Well, according to Bloomberg, we’re past that point here in the US
Bloomberg report He points out that the point of no return when it comes to electric vehicle adoption comes when electric vehicles make up five percent of sales. The United States has now joined with China and Europe in getting past this point. According to Bloomberg:
This threshold signals the start of mass adoption of electric vehicles, a period when technology preferences are rapidly flipping, according to the analysis.
Over the past six months, the United States has joined Europe and China – collectively the three largest auto markets – in passing the 5% tipping point. If the US follows the trend set by the 18 countries before it, a quarter of new car sales could be electric by the end of 2025. That would be a year or two earlier than most major forecasts.”
Bloomberg notes that once electric vehicles made up more than five percent of new car sales, buyers were no longer enthusiastic early adopters of the latest technology. till then Point, they are more likely to be regular buyers just to get a new car.
In theory, this should mean the first five percent of electric car buyers have struggled with poor infrastructure, lack of charging support and midrange to set the stage for a bright battery-powered future that should soon follow.
This includes Large-scale investment in improving charging infrastructure In the United States and more research and development of new battery technology. With those things almost in place, the snowball of electric vehicle adoption could continue to grow as electric vehicles could make up half of new car sales here for a long time. Before President Joe Biden’s 2030 Goal.
Reflects: space station crash
Neutral: HowRe Yor?
Happy Monday, did you have a good weekend? Mine was very quiet after a busy few weeks. I bought some new brake cables and pads for my bike, which I’ll be trying to install soon so it’s less intimidating when the Silverado turns into New York’s bike lanes without looking.
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